Solution-What is annual depreciation based on straight-line

What is annual depreciation based on straight-line method

Reference no: EM13512656

Hacol Company acquired an asset on January 1, 2003, at a cost of $38,000, with an estimated useful life of 8 years and a salvage value of $2,000. What is the annual depreciation based on:

(a) the straight-line depreciation method?
(b) the double-declining-balance method?
(c) the sum-of-the-years'-digits method?

Reference no: EM13512656

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What is annual depreciation based on straight-line method : Hacol Company acquired an asset on January 1, 2003, at a cost of $38,000, with an estimated useful life of 8 years and a salvage value of $2,000. What is the annual depreciation based on the straight-line depreciation method?

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What is annual depreciation based on straight-line method

Reference no: EM13512656

Reference no: EM13512656

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